Homeowners may qualify for tax reduction, exemption

Thursday

Feb 25, 2010 at 4:03 AM

Check your most recent property tax bill.Does it show a 2 1/2 percent tax reduction for your owner-occupied home? To receive a 2 1/2 percent tax reduction, you must own and occupy your home as your principle place of residence on Jan. 1 of the year you receive the reduction. A homeowner and spouse are entitled to this reduction on only one home in Ohio. The Holmes County Auditor's office sent out 2 1/2 percent tax reduction applications to homeowners who have completed a dwelling or where a transfer has taken place with the prior owner being on 2 1/2 percent tax reduction. Are you eligible for the Homestead Exemption? Is that reduction currently shown on your tax bill? To receive the Homestead exemption you must (1) be at least 65 years old during the year in which you first file, or be permanently and totally disabled; (2) own and occupy your home as your principal place of residence as of Jan. 1 of the year you file. Eligible property owners will receive an exemption on the first $25,000 of appraised value from taxation for a single family home. Applications for both reductions must be filed with the Holmes County Auditor no later than the first Monday in June each year. For an application and more information, call the Holmes County Auditor's Office at 330-674-1896, Monday through Friday 8:30 a.m.-4:30 p.m.

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